Fed Govt has disbursed N99.5billion in loans and allowances to 510, 000 Students – President Tinubu
Federal Govt Fed Govt has disbursed N99.5billion in loans and allowances to 510, 000 Students – President Tinubu
President Bola Tinubu on Wednesday reaffirmed his administration’s commitment to empowering Nigerian youths and consolidating economic reforms, as the country marked its 65th Independence Anniversary.
In a national broadcast from the Presidential Villa, Abuja, Tinubu described young Nigerians as the “greatest assets” of the nation, urging them to dream big and innovate across science, technology, sports, arts, and the creative sector.
The President highlighted several initiatives rolled out to support education, entrepreneurship, and youth development.
He disclosed that the Nigerian Education Loan Fund (NELFUND) had so far disbursed N99.5 billion in student loans and N44.7 billion in upkeep allowances to about 510,000 students across 228 higher institutions in the country.
“Our administration, through policies and funding, will continue to give you wings to fly sky-high.
“We created NELFUND to support students with loans for their educational pursuits. Approximately 510,000 students across 36 states and the FCT have benefited from this initiative, covering 228 higher institutions,” he said.
He added that the Credicorp scheme had granted N30 billion in affordable loans to 153,000 Nigerians for vehicles, solar energy, home upgrades, and digital devices.
Similarly, he said the YouthCred programme, launched in June, had begun offering consumer credit to National Youth Service Corps (NYSC) members to aid their resettlement.
Tinubu further noted that the investment in Digital and Creative Enterprises (iDICE) programme, jointly implemented with the Bank of Industry, African Development Bank, French Development Agency, and Islamic Development Bank, was at the verge of full implementation.
This, he said, was to support the technology and creative sectors.
On the state of the economy, the President admitted that ongoing reforms had caused temporary pains, with inflation and high living costs affecting citizens.
“The alternative of allowing our country to descend into economic chaos or bankruptcy was not an option.
” Sacrifices made were laying a new foundation cast in concrete, not on quicksand,” he said.
He said the real measure of progress would be seen not only in statistics but also in food security, quality education, reliable electricity supply, and safer communities.
Tinubu urged state and local governments to complement federal efforts by boosting productivity, innovation, and enterprise.
“Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first,” he declared.
The President assured citizens that the dawn of a new, prosperous, and self-reliant Nigeria was within reach, calling on all Nigerians to support the nation-building process. (NAN)
FAK/ YMU
News
Scores of terrorists neutralised after Major attacks on military base
Scores of terrorists neutralised after Major attacks on military base
Nigerian troops have successfully neutralised several terrorists and thwarted coordinated attacks in Adamawa and Borno States.
The Joint Task Force, Operation Hadin Kai, announced that the successes followed swift and decisive responses by soldiers to attempts by insurgents to overrun military formations in the North-East.
In a statement issued on Friday, Acting Media Information Officer of the Task Force, Lieutenant Solomon Atokolo, confirmed that the operations resulted in heavy casualties for the terrorists.
He explained that the first attack took place in the early hours of January 16, 2026, when insurgents targeted a patrol base at Sabon Gari in Madagali Local Government Area of Adamawa State.
Atokolo stated that troops under Sector 4 of Operation Hadin Kai quickly engaged the attackers and successfully repelled them. He added that reinforcements from Gulak and the Battalion Quick Reaction Force were promptly mobilised to support the operation, ensuring that the assault was decisively crushed.
“The terrorists were successfully repelled without any casualty to our troops or damage to equipment, forcing them to abandon the attack,” the statement said.
He added that security forces later carried out clearance operations in the surrounding area, scanning for improvised explosive devices and booby traps to guarantee the safety of both civilians and personnel.
In a separate incident on the same day, terrorists staged a large-scale, multi-directional attack on Forward Operating Base (FOB) Azir in Borno State.
The attackers attempted to breach the base’s defensive perimeter but were met with fierce resistance from troops. With support from the Air Component and other Nigerian Army aerial platforms, the soldiers unleashed sustained firepower that compelled the insurgents to retreat.
Although rocket-propelled grenade fire from the terrorists damaged some troop-carrying vehicles and partially affected the base’s CCTV control room, Atokolo said troops maintained full control of the situation and prevented any further breach.
The military spokesperson disclosed that several weapons and ammunition were recovered from the fleeing terrorists.
Items seized included a 60mm mortar tube, mortar bombs, locally fabricated explosives, heavy machine gun rounds, and hundreds of rounds of 7.62mm NATO ammunition.
The Joint Task Force commended the professionalism and resilience of the troops, reaffirming its commitment to sustaining operations aimed at restoring lasting peace and security to the North-East region.
Scores of terrorists neutralised after Major attacks on military base
Nigerian troops have successfully neutralised several terrorists and thwarted coordinated attacks in Adamawa and Borno States.
The Joint Task Force, Operation Hadin Kai, announced that the successes followed swift and decisive responses by soldiers to attempts by insurgents to overrun military formations in the North-East.
In a statement issued on Friday, Acting Media Information Officer of the Task Force, Lieutenant Solomon Atokolo, confirmed that the operations resulted in heavy casualties for the terrorists.
He explained that the first attack took place in the early hours of January 16, 2026, when insurgents targeted a patrol base at Sabon Gari in Madagali Local Government Area of Adamawa State.
Atokolo stated that troops under Sector 4 of Operation Hadin Kai quickly engaged the attackers and successfully repelled them. He added that reinforcements from Gulak and the Battalion Quick Reaction Force were promptly mobilised to support the operation, ensuring that the assault was decisively crushed.
“The terrorists were successfully repelled without any casualty to our troops or damage to equipment, forcing them to abandon the attack,” the statement said.
He added that security forces later carried out clearance operations in the surrounding area, scanning for improvised explosive devices and booby traps to guarantee the safety of both civilians and personnel.
In a separate incident on the same day, terrorists staged a large-scale, multi-directional attack on Forward Operating Base (FOB) Azir in Borno State.
The attackers attempted to breach the base’s defensive perimeter but were met with fierce resistance from troops. With support from the Air Component and other Nigerian Army aerial platforms, the soldiers unleashed sustained firepower that compelled the insurgents to retreat.
Although rocket-propelled grenade fire from the terrorists damaged some troop-carrying vehicles and partially affected the base’s CCTV control room, Atokolo said troops maintained full control of the situation and prevented any further breach.
The military spokesperson disclosed that several weapons and ammunition were recovered from the fleeing terrorists.
Items seized included a 60mm mortar tube, mortar bombs, locally fabricated explosives, heavy machine gun rounds, and hundreds of rounds of 7.62mm NATO ammunition.
The Joint Task Force commended the professionalism and resilience of the troops, reaffirming its commitment to sustaining operations aimed at restoring lasting peace and security to the North-East region.
News
Federal Govt warns States against negotiating with Bandits
Federal Govt warns States against negotiating with Bandits
The Minister of Defence, Christopher Musa, has urged state governments across the country to stop engaging in negotiations with bandits, warning that such actions undermine national security efforts.
Musa made the call during an interview with BBC Hausa, where he expressed concern that dialogue with criminal groups weakens ongoing military operations.
According to him, reaching agreements with bandits often proves futile, as they cannot be trusted to honour their commitments.
He argued that many of the criminals lack genuine remorse and are likely to renege on any deals struck with them.
The minister disclosed that the Katsina State Government was cautioned over its recent decision to facilitate the release of 70 suspected bandits from custody.
However, the Katsina government had defended the action, describing the move as essential to consolidating community-driven peace agreements with “repentant bandits” in several local government areas.
“Negotiation with bandits is not a way out, those people are not real, whenever they come for reconciliation, they need something,” Musa spoke in Hausa language.
“What’s happening in Katsina we told them, don’t ever make the mistake of reconciling with those people, they are liars.
“We begged people to stop negotiating with them and the government should stop. It’s not right and they will surely come back again. They don’t fear God.
“We already informed them it damages our work, we asked them to stop, you know it’s democracy now not military rule. But we are in talk with them.”
The defence minister refuted claim that the federal government pays ransom to kidnappers.
“Paying ransom is not good. People should stop paying ransom when they kidnap people. Report should be made and actions will be taken.”
“Federal government doesn’t pay for ransom. It might be other people and they are doing that on their own.”
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